I work in the computer industry and have an H-1B VISA sponsored by my current Employer. I also have been asked on a number of occasions to help out on the side with some contract/consulting work and am wondering if this is allowed or permissable given my H-1B status?
Normally this situation would entail working as an Independent Contractor and filing a Schedule C. My questions are:
1. Is it possible to work as an Independent Contractor while on an H-1B VISA or would I be violating my H-1B status if I engaged in this side work?
2. What is the likelihood that someone would get caught (i.e. would it be only if my taxes are audited)?
Can someone please advise?